A large cryptocurrency owner suddenly moved $ 60 million worth of bitcoins after 12 years of inactivity

The cryptocurrency whale suddenly moved 1000 BTC after 11.8 years of inactivity. The transfer of $ 60 million from BTC $65,691.66 Bitcoin -0.25% Market capitalization $1.3 trillion VOL. 24 hours $0.61 billion to a new address attracted the attention of analysts.

The sleeping wallet transferred 1000 BTC to 2 new wallets. The first wallet received 998,737 bitcoins, while the second wallet received 1,263 bitcoins. The user reportedly received these bitcoins on September 25, 2012 at an average BTC price of $ 12.06.

Last week, two more bitcoin whales woke up after more than a decade of hibernation. This was reported by Whale Alert analysts. Although such bitcoin transfers happen quite often, coins that are more than ten years old are usually considered lost.

According to the analysts, the likelihood that someone will transfer tokens older than five months is very low. Their owners either prefer to hold their assets for a very long time or simply lost access to their wallets.

Experts agree that as the price of bitcoin rises, cryptocurrency holders are likely to sell it and take profit. That’s why the crypto community is so afraid that the creditors of the crypto exchange Mt. Gox, which was promised a refund, will start selling their BTC en masse.